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Trump-Iran strikes push Bitcoin below $77K amid rising oil prices and market liquidations

03 Nov 2026, 13:03 WIB
Dailycoin
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Bearish
Trump-Iran strikes push Bitcoin below $77K amid rising oil prices and market liquidations

Bitcoin fell nearly 2% to below $77,000 following renewed geopolitical tensions from Trump-ordered strikes on Iran's Qeshm Island, which also pushed oil prices above $106.95 per barrel. The conflict fears triggered a risk-off sentiment, causing $382 million in crypto leveraged positions to be liquidated, with Bitcoin traders losing nearly $100 million. The crypto market's fragility is highlighted by Bitcoin dropping below the cost basis of short-term holders and weak demand failing to absorb futures selling. Key support levels for Bitcoin are around $76,600, but ongoing US midterm elections and geopolitical uncertainty may cause further volatility.

Following the recent geopolitical tensions linked to Trump-ordered strikes on Iran, Bitcoin on Pluang trades at Rp1.401.804.403 as of Nov 03, 2026 18:21 WIB, down 0.90% over the past day. Despite the volatility, the market shows a strong buy interest with 73% of orders on Pluang being buy orders. The typical hold time for Bitcoin investors on Pluang is 112 days, reflecting a medium-term investment horizon amid ongoing uncertainty.

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